NAS100 - Possible setup.

The NAS100 has rebounded from its support level of $12,000 and is now facing an immediate hurdle at the range of $12,200 to $12,250. Traders can consider opening a short position if a bearish candlestick forms at this highlighted resistance level. However, if the resistance is broken, traders should watch for a retest of the resistance level and consider opening a long position.